DOW 30
DOW 30 has been in habit of
following our mentioned and analysed levels and it moved in our previously
mentioned range on expected terms. DOW 30 was in same trajectory as S&P 500
and traded with some improvement in last session as it opened positively at
17736 and from there made high of 17774 among good news coming from Europe regarding
BREXIT and hence closed a positive session at 17754 with 40 points or gain of
just 0.23% to the index.
DOW 30 has Resistance building
around 17780--17880.If this level is positively breached and sustained then one
see DOW 30 resistance building around 17900--18050.
DOW 30 has immediate Support
building around 17690--17670.If this level is breached negatively and not
sustained then one see next support building around 174580--17550.
RSI of 50 and increasing g
indicate that short term trend is towards consolidation or correction may the
theme for DOW 30 as investors are booking profit among uncertain economic and
global scenario.
MACD of positive negative 2.44 also
indicate that short term trend is may be towards consolidation.
More Will Update Soon!!
